https://www.taxtmi.com/caselaws?id=60917 The appeal was partly allowed by the Tribunal. The delay in filing the appeal was condoned. The assessee's claim for loss up to 30-6-1984 was accepted based on the right to adopt a different accounting period. The Tribunal directed the AO to allow investment allowance and compute depreciation correctly. The issue of additional depreciation on new machinery was restored to the AO for proper assessment. The refusal to allow the carry forward of loss of earlier years was rejected as it was not pressed by the assessee's counsel. en-us Thu, 20 Jul 1995 00:00:00 +0530 Sat, 08 Jan 2011 16:08:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60917 The appeal was partly allowed by the Tribunal. The delay in filing the appeal was condoned. The assessee's claim for loss up to 30-6-1984 was accepted based on the right to adopt a different accounting period. The Tribunal directed the AO to allow investment allowance and compute depreciation correctly. The issue of additional depreciation on new machinery was restored to the AO for proper assessment. The refusal to allow the carry forward of loss of earlier years was rejected as it was not pressed by the assessee's counsel. Case-Laws Income Tax Thu, 20 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60917